metaverse

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Metaverse Company Condense Raises $4.5 Million to Accelerate VR Streaming Adoption

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Condense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by Localglobe, 7percent Ventures, and Deeptech Labs, gives Condense funding to deepen its relationship with artists, labels, content creators, and metaverse … Read more

Ethereum Co-Founder Vitalik Buterin Criticizes Corporate Metaverse Attempts — ‘Anything Facebook Creates Now Will Misfire’

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On Saturday, the co-founder of Ethereum, Vitalik Buterin, took to Twitter and gave his perspective on the “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesnt believe the current corporate metaverse attempts are going anywhere. Ethereum’s Vitalik Buterin Shares His Thoughts on Existing Corporate Metaverse Attempts This … Read more

Hong Kong University of Science and Technology to Build Metaverse Campus

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The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will allow students from other latitudes to attend classes like they were in the same space. The virtual … Read more

Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2

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Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs … Read more

Comadran Studios Obtains a $50M Investment From Gem Digital Limited (“Gem”) And Releases the Play to Earn Game Medabots With the Medamon Token

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Paris – New York – Bahamas // GEM Digital Limited is a digital asset investment firm that sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. This substantial capital commitment will allow Comadran Studios to fulfill its upcoming projects. Comadran Studios is a pioneer in searching for the best … Read more